8 Hour Course
Course ID: 7349
Approved By: NMLS
This continuing education class for mortgage loan originators is a great choice for those MLOs licensed in the Sunshine State. It covers all the requirements for the State and for the NMLS as well, with 7 hours of topics that include all the federal content required and then the one hour portion specific to the state of Florida also.
First, we will go through the history of mortgage lending in America, focusing on the history of the regulations themselves. We will then take you into a segment of the course pertaining to the passage of the federal SAFE Act as it followed the mortgage crisis of the early 2000s. Then some class time will be spent exploring those federal agencies that administer and oversee the SAFE Act and that provide further oversight for mortgage loan origination in America, and Florida. A discussion of TILA-RESPA integrated mortgage disclosure and its effect on MLOs will round out the first segment.
The course will then continue with a deeper look into ethics as they pertain to mortgage loan originators. Then we’ll also examine fair lending practices and consumer protections. We will look at the concepts of ethics and fair lending on a broader level as they generally apply in the field. During this segment we also cover the basics of what can constitute mortgage fraud and how a mortgage loan originator can help themselves to avoid these pitfalls. A segment of the course then provides an in-depth examination of lending standards for nontraditional mortgage loans that include mortgages like adjustable rate mortgages, subprime and high-cost loans, and reverse mortgages.
Finally, we will spend an hour of class time on the mortgage laws and practices of loan origination in the state of Florida specifically. This will include a discussion of the practices for mortgage loan originators and those that are prohibited by the state as well.
Our course will also provide in-text quizzes and current case studies so you’ll be able to spot-check your knowledge. These tools will all assist you in preparing for the final exam that comes at the conclusion of the class.